BSE emerges market leader in SME segment with 90% share

Innovations, technology, investor focus, good services & higher wealth creation have attracted investors

The country's premier stock exchange BSE Ltd has said that it has emerged as the market leader in SME segment with more than 90 percent market share.

In the last one year since the launch of the SME platform, 17 companies were listed, while nine more are in the process of listing their shares by March 31 this year.

"BSE has emerged as the market leader in SME segment with more than 90% market share in this segment. With innovations, technology, investor focus, good services and higher wealth creation, SMEs and investors in SME are preferring BSE SME platform," BSE MD & CEO said Ashishkumar Chauhan told PTI here.

"We are successful in wealth creation for SME sector and in turn for the economy as a whole," Chauhan said.

The rival NSE had listed three companies so far on its SME exchange platform.

BSE launched its SME platform on March 13, 2012 with the listing of BCB Finance. The SME-listed companies have rewarded its investors reasonably.

As per the data provided by BSE, out of 17 listed companies only two companies, namely RCL Retail and Bronze Infra-Tech, are quoting at Rs 9.3 and Rs 8.7, below their issue price offer of Rs 10 and Rs 15, respectively.

However, shares of Looks Health Services gave handsome return as it is quoting at Rs 214 against the issue price of Rs 40 per share. Max Alert Systems is also quoting higher at Rs 92 against its issue price of Rs 20.

Among other shares, BCB Finance is quoting at Rs 25.1 (issue price of Rs 25), Sangam Advisors at Rs 22 (Rs 22), Jupiter Infomedia at Rs 23.8 (Rs 20), Jointeca Education Solutions Rs 15 (Rs 15), SRG Housing Finance Rs 21.75 (Rs 20), BSE data said.

Besides, Comfort Commotrade quoting at Rs 27.25 (Rs 10) Anshu Clothing Rs 31.55 (Rs 27),  Eco Friendly Food Processing Rs 35.85 (Rs 25), Esteem Bio Organic Food Processing Rs 51.95 (Rs 25), Kavita Fabrics Rs 40.85 (Rs 40), Sunstar Realty Development Rs 24.75 (Rs 20), Channel Nine Entertainment Rs 27.55 (Rs 25) and HPC Biosciences Rs 41.05 (Rs 35), according to the data.

The market regulator, Securities and Exchange Board of India (Sebi) accorded approval to the SME Exchange by BSE in September 2011.